Enterprise Performance Management Software - New Zealand

The Enterprise Performance Management Software market in New Zealand is predicted to see a significant increase in revenue, with projections indicating that it will reach a staggering figure of US$16.51m by the year 2024.
Moreover, the market is expected to exhibit a steady annual growth rate (CAGR 2024-2029) of 4.13%, resulting in a market volume of US$20.22m by 2029.
In terms of the average Spend per Employee in the Enterprise Performance Management Software market, it is estimated to reach US$5.55 in 2024.
This metric reflects the amount of money spent per employee in this specific market segment.
In a global context, United States is projected to generate the highest revenue in the Enterprise Performance Management Software market, with an impressive figure of US$2.87bn in 2024.
This highlights the dominance of the US market in this industry.
New Zealand's growing emphasis on data-driven decision-making has led to increased demand for Enterprise Performance Management Software.

Definition:

The Enterprise Performance Management Software market covers software solutions that help organizations to manage and improve their performance across various areas, such as finance, operations, and strategy. These solutions typically include features for financial planning and analysis, budgeting, forecasting, and consolidation. These are primarily focused on providing insights and strategic guidance to help organizations make informed decisions and achieve their long-term goals.

Products in the Enterprise Performance Management Software market can be obtained in two ways: as on-premises software that is sold via a transactional license or a subscription and as cloud-based software (software as a service/ SaaS) that is most frequently sold as a subscription.

Additional Information:

The Enterprise Performance Management Software market comprises revenue and revenue growth as the key performance indicators. Only the revenues that are generated by primary vendors at the manufacturer price level either directly or through distribution channels (excluding value-added tax) are included and the revenues generated by resellers are excluded. Revenues are generated through both online and offline sales channels and include spending by enterprises (B2B) and governments (B2G).

Key players in this market include Oracle. SAP, Anaplan, IBM, and Workday.

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Performance management software, such as PerformYard, Engagedly, Leapsome, BambooHR, SAP SuccessFactors, Paylocity, and Workday
Financial planning and budgeting, such as SAP, Workday, and Centage (Budget Maestro)
Strategic planning and modeling, such as Workday Adaptive Planning, Jedox, and Host Analytics

Administrative software, such as ADP, Gusto, Workday, and SAP
Office software, such as Microsoft, Google, and Zoho
Collaboration software, such as Google, Slack, and Zoom

The Enterprise Performance Management Software market in New Zealand has been experiencing steady growth in recent years.

Customer preferences: New Zealand businesses have been increasingly adopting Enterprise Performance Management Software to streamline their financial planning and analysis processes. This software provides a range of benefits, including improved accuracy and efficiency, real-time reporting and analytics, and better collaboration between departments. Additionally, the software is flexible and can be customized to meet the specific needs of different businesses.

Trends in the market: One trend that has been observed in the New Zealand market is the shift towards cloud-based Enterprise Performance Management Software. This software allows businesses to access their financial data from any location, making it easier for teams to collaborate and work remotely. Another trend is the integration of artificial intelligence and machine learning into Enterprise Performance Management Software, which provides businesses with more accurate and actionable insights.

Local special circumstances: New Zealand's small and medium-sized businesses have been the primary drivers of growth in the Enterprise Performance Management Software market. These businesses have been quick to adopt new technologies that can help them compete with larger businesses. Additionally, the New Zealand government has been investing in initiatives to support small and medium-sized businesses, which has helped to drive the adoption of Enterprise Performance Management Software.

Underlying macroeconomic factors: New Zealand's strong economy has also contributed to the growth of the Enterprise Performance Management Software market. The country has a stable political environment, a skilled workforce, and a high standard of living. Additionally, the government has been investing in infrastructure and technology, which has helped to create a favorable business environment. As a result, more businesses are investing in Enterprise Performance Management Software to improve their financial planning and analysis processes and gain a competitive advantage.

Data coverage:

The data encompasses B2B, B2G, and B2C enterprises. Figures are based on the allocation to the country where the money was spent at manufacturer price level (excluding VAT).

Modeling approach / Market size:

The segment size is determined through a top-down approach. We use financial statements such as annual reports, quarterly earnings, and expert opinions to analyze the markets. To estimate the segment size for each country individually, we use relevant key market indicators and data from country-specific industry associations such as GDP, level of digitization, GDP sector composition, and observed level of software piracy.

Forecasts:

We use a variety of forecasting techniques, for instance, advanced statistical methods, depending on the behavior of the relevant segment. The main drivers are the GDP and the level of digitization.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.

This report presents a comprehensive analysis and additional information on the Technology market, in a PDF format.

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